The Big Gamestop Short Selling Megawhoops
I have been explaining it to people all day and going "yes, this is all as bumblefuck as it sounds."
Yes, it's sheer lunacy that you can short more stock that is in existence. Yes, shorting stock is betting on a bet. Yes, you can short a short, betting on a bet on a bet. Yes, it really is this abstract and divorced from any theory of labor value. No, you're not losing your marbles for thinking this all sounds profoundly unstable.